Pharos secures $1B valuation in funding

Pharos, a company developing an asset-native network for regulated financial activities, has achieved a $1 billion valuation following a $44 million funding round. This significant investment comes as the company prepares for its mainnet debut. Pharos aims to capture a substantial portion of the estimated $50 trillion market for regulated financial transactions, positioning itself as a key player in the evolving landscape of digital assets and traditional finance.